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2021-03-31-accounts

Company Registration Number 3508718 Charity Number 1070267

Community Impact Bucks

(A Company Limited by Guarantee)

TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS

31 March 2021

Community Impact Bucks

Contents

CONTENTS Pages
Trustees’ Annual Report 2
Independent Auditor’s report to the members and the trustees 18
Statement of financial activities 22
Balance sheet 23
Statement of cashflows 24
Accounting policies 25
Notes to the financial statements 27

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Community Impact Bucks Trustees’ Annual Report and Financial Statements

Trustees’ Annual Report

The Trustees are pleased to present their annual report together with the financial statements of the Charity for the year ending 31 March 2021, which also incorporates the directors’ report for the purposes of company law.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the second edition of the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Chair’s Report

The 2020-21 financial year commenced towards the beginning of one of the most extraordinary times in living memory. The COVID-19 pandemic had instigated the first national lockdown just a few weeks before and the team were adjusting to remote working and adapting our services within lockdown restrictions to provide the support that was needed right there and then in Buckinghamshire.

Charities, voluntary and community groups, and social enterprises have experienced the pandemic very differently depending on their circumstances. While many have been able to adapt creatively, others are struggling with reduced incomes, fewer volunteers or an inability to deliver due to the circumstances, including lack of fundraising abilities as normal fundraising activities ceased. At such a difficult time for the sector, the support provided by Community Impact Bucks has never been more important. We have been fortunate that the increased need for our services has been met by sufficient funding to provide that support.

The COVID-19 response temporarily paused the Transformation Programme we had launched in January 2020, but we were able to see how effective we could be when working in a different way. Taking the learning from this time, in September 2020 we undertook a reorganisation of the Charity to rebalance income and expenditure, create an agile organisation able to adapt to new opportunities and challenges, and ensure resources are focused on where we can make the most difference.

I would like to thank our Chief Executive Katie Higginson and our incredible hard-working team of staff and volunteers for their dedication and fortitude during such a difficult year. We were sad to say goodbye to a number of much-valued colleagues following the reorganisation, and we wish them all the best in their next endeavours and thank them enormously for their huge contribution to the success of our organisation. The remaining team members embraced the changes with enthusiasm and a sense of possibility, and we also welcomed a number of new colleagues who have brought diversity and fresh ideas and skills to the team.

We are grateful to our funders who have taken a flexible and supportive approach through this difficult period. Thank you to Buckinghamshire Council, DEFRA via ACRE, Garfield Weston Foundation, William Harding’s Charity, Thomas Hickman’s Charity, NHS England/NHS Improvement and the Vale of Aylesbury Housing Trust, for enabling us to pivot quickly, adapt our services and direct resources – particularly staff time – to where it was needed.

Thank you to Buckinghamshire Council, DCMS via the VCS Emergencies Partnership, Heart of Bucks, Tesco Bags of Help, The Mobbs Memorial Trust, The Anson Charitable Trust, and the National Lottery Community Fund who made additional funding available to us to provide new and enhanced services to respond to the pandemic.

We are also grateful for the generous support of several donors, including the Walter Hazell Trust, who gave valuable unrestricted donations to us during the year – such donations mean all the more to a charity like

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Community Impact Bucks Trustees’ Annual Report and Financial Statements

ours whose work, while important, doesn’t ‘tug at the heart strings’ to raise significant funds (please feel free to make a donation via our website having read this!).

We ended a marathon year with a sprint finish, submitting a tender to Buckinghamshire Council for a contract to provide a new VCSE Support Service, with our existing contract coming to an end after nearly 4 years and several extensions. We are delighted that Buckinghamshire Council have awarded us the new contract, knowing we are the right partner to deliver this on their behalf, and we launched the new VCSE Support Service on 1st August 2021. This provides us with a degree of stability and, having ended the year with an underlying surplus of £19,972 before allowing for redundancy costs, we are in a stronger position than we have been for many years.

This feels, then, like the right time for me to take a step back and pass the baton to a new Chair to take the charity forward into the exciting next phase of development. Having steered the Charity through a rollercoaster four years, I am delighted to be handing on an organisation that is strong, focused and better able than ever to meet our beneficiaries’ future needs. I want to thank our volunteer Board of Trustees whose immense talent, experience and sage decision-making has been an enormous support to me over the years, not to mention the huge amount of time each member has invested in our charity. The Board were instrumental in enabling the Charity to successfully navigate this most difficult of years at a time when staff capacity was stretched, and I thank them for their time, energy, experience and skills.

As I bow out, I would like to pay tribute to the wonderful communities, volunteers, charities and community groups whose ongoing work during the pandemic has shown more than ever how important they are as part of the fabric of our neighbourhoods, our essential services and our everyday lives. I have always said that the charity, community, and voluntary sector are the root and branch of our communities and never has that been more clear and needed than throughout the pandemic. The spirit of voluntary action has never been stronger, and Community Impact Bucks’ work to help people to get involved and make a difference in their communities has never been more vital.

I have loved every second of this roller coaster ride, I have learned so much from the team and I have made some wonderful friends. I will miss everyone very much, but I leave at the right time. This is the time for someone new to lead this revised, refreshed and renewed organisation on a new journey to fit the purpose of a post pandemic Buckinghamshire and to meet the different needs of the sector we represent. I am so proud of everything we have done and especially the way we have supported our county when we were needed most. It has been a pleasure and a privilege to work with you all and thank you for an incredible 4 years. We are the backbone of the charity, voluntary and community sector in Buckinghamshire and I wish everyone well and the brightest of futures ahead.

Mimi Harker OBE

Chair of Trustees, Community Impact Bucks.

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Community Impact Bucks Trustees’ Annual Report and Financial Statements

Our purpose and activities

The Charity’s Objects as set out in our governing document, the Memorandum and Articles of Association of Community Impact Bucks, are as follows:

‘promoting any charitable purpose for the benefit of the community in the County of Buckinghamshire and its adjacent areas and in particular the advancement of education, the protection of health and the relief of poverty, distress and sickness.’

In 2019, Community Impact Bucks undertook a strategic review and clarified its vision, mission and strategic goals:

Our vision is for strong, vibrant communities, working together to make a positive contribution to people’s lives across Buckinghamshire.

Our mission is to inspire voluntary and community action in Buckinghamshire, by supporting and enabling people and groups to get involved and make a difference.

Strategic goals for 2019 – 2022:

In broad terms, the charity’s activities to meet its charitable objects fall into three key areas that provide public benefit:

*Please note, Milton Keynes is supported by our colleagues at Community Action: MK.

Our Trustees and staff work together to draw up our strategic plan, shape objectives for the year and plan activities to deliver those objectives. Trustees have regard to the Charity Commission's guidance on public benefit and ensure that our services meet those criteria.

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Community Impact Bucks Trustees’ Annual Report and Financial Statements

Community Impact Bucks is the parent company of our trading company, Community Impact Bucks (trading) Limited, and of Healthwatch Bucks, an independent local organisation within a national network across England set up by the Government in 2013 to ensure that decision-makers and health and social care services put the experiences of people at the heart of their work.

Achievements and Performance

Empowering and enabling the voluntary, community and charity sectors in Buckinghamshire to be resilient and effective for their beneficiaries.

Thanks to funding from Buckinghamshire Council, we were able to provide a comprehensive programme of advice, support and training to not-for-profit groups across Buckinghamshire covering areas such as setting up and running an organisation, managing risk, safeguarding vulnerable people, seeking funding, and recruiting and managing volunteers. Due to pandemic restrictions, advice and training sessions took place online or by phone.

Community Impact Bucks directly supported 441 individual people from 323 organisations, many of whom accessed a range of our services:

Email briefings and new webpages provided information and key resources to help VCSEs decide what steps to take in response to the pandemic. A June 2020 survey showed:

It helped show how national activity was relevant in Bucks and helped us look up our grant entitlement

[It helped us find] Funding opportunities and to develop productive service as an organisation due to Covid 19 outbreak. I.e., health and safety guidelines etc. Very easy to understand and follow the guidelines. Extremely helpful. Thanks for the team who involved.

We asked, ‘What would have happened if you hadn't received the information from Community Impact Bucks?’

would have felt more remote, less engaged and had less options for funding

I would have been less sighted on the activity across the county and would not have been able to work as effectively in partnership across the system.

we would struggle to make sense of government guidance

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Community Impact Bucks Trustees’ Annual Report and Financial Statements

It would have been more confusing trying to find the info in different places. Through the lockdown I saw CIB updates as reliable, up to date and a trusted source of information

Our specialist Community Buildings Service provided bespoke information and advice to community buildings such as village halls. These multi-use spaces at the heart of communities faced enormous challenges during lockdowns, with the loss of the hire income they relied on, and complex and frequently changing guidance on when and how to open safely. The level of support we provided increased dramatically, in one month seeing more support requests than we had in the entire previous year.

In March 2021 we held the first Buckinghamshire Women in Charity Awards on International Women’s Day, to celebrate and showcase the achievements of women across Buckinghamshire who work and volunteer in the charity sector. There were over 50 nominations, and the event received extensive coverage in local press and radio, with over 100 people viewing the live broadcast of the Awards ceremony on YouTube. Alongside the awards, we held a seminar for charities, community groups and local organisations to hear and share ideas about women and leadership in our community.

This is a very empowering seminar. Nothing like inspiring, strong, professional, beautiful, powerful, leading woman in our local community. Truly feeling blessed.

Inspiring, promoting and developing voluntary and community action.

In March 2020 the Buckinghamshire Volunteer Matching Service was launched, run by Community Impact Bucks in partnership with Buckinghamshire Council and The Clare Foundation. By the end of March 2021, over a thousand volunteers had been mobilised in roles from frontline roles such as surge testing, vaccination site marshals and frontline delivery of essentials, to tackling the ongoing emotional and psychological challenges the pandemic has brought.

“Without the VMS, I wouldn’t be volunteering, as I wouldn’t know where to find these opportunities... I have felt, and seen in so many other volunteers, the benefits of volunteering, which have come through these VMS volunteer opportunities. Particularly in the latest lockdown, you could see the enthusiasm of the volunteers – they were so happy to be out in the fresh air and helping people at the same time. Many volunteers have said they haven’t spoken to so many people in a year! It gives structure to the week, and you feel better when you volunteer”.

Steve Illman, VMS volunteer and volunteer COVID-19 vaccination site coordinator.

The service strategically coordinates registered volunteers, plugging the gaps of need across the county, enabling voluntary and statutory organisations to quickly source new volunteers and freeing them up to focus on service delivery.

“Without the volunteer mentors through the VMS, we wouldn’t have been able to get the Attain project moving - the project would have been delayed. It would have meant us spending more time looking for volunteers elsewhere and less time with young people.” Charlie Dixon, Transitions UK

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Community Impact Bucks Trustees’ Annual Report and Financial Statements

The service was co-designed and delivered by a team of volunteers matching people to suitable roles, supported by redeployed staff from the three partner organisations.

The VMS offers and excels in the personal touch – volunteers can talk to a real person, not a robot. Having been in contact with several hundred volunteers over the last 12 months, understanding volunteers’ needs, motivations, and the skills or life experience they offer, is key to matching them to the right role. The outcome is a strong match and makes for a more lasting volunteer placement.

Sue Jolley, volunteer with the Buckinghamshire Volunteer Matching Service team

Volunteering is the lifeblood of most charities, and we are no exception – we benefit enormously from volunteers giving their time and skills to Community Impact Bucks . While we had to suspend many of our volunteering roles in the community for long periods as a result of COVID-19, we were able to provide new volunteering opportunities for those who could volunteer from home, and our volunteers were instrumental in the redesign of our activities in line with COVID-19 restrictions.

Volunteers helped us in a range of ways, including:

Through our community services , we help to build strong, resilient communities and directly help people – particularly older, vulnerable or socially isolated people – where we see an unmet need.

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Community Impact Bucks Trustees’ Annual Report and Financial Statements

The Community Transport Hub helps vulnerable people access alternative transport, filling gaps in public transport provision. The Hub provides residents with information on local community transport providers, from Dial-a-Ride to community car schemes, minibus hire to wheelchair accessible taxis. It also provides specialist support and advice to community transport schemes.

Community Transport has been significantly impacted by COVID-19: calls to the Hub dropped as medical appointments were cancelled or passengers were nervous about trips, and over the year total calls were down 41% compared to the previous year. The majority of volunteer-led schemes – often reliant on older volunteers who were advised by the government to shield at home – were suspended or repurposed to transport essential goods rather than people.

From January 2021, as the vaccination programme got underway prioritising older residents, we worked with Buckinghamshire Council to ensure GP surgeries were able to signpost residents to the Hub to avoid people being prevented from taking up the vaccine due to a lack of transport. By September 2021, most volunteerled schemes have re-opened, although calls to the Hub remain low as there are fewer in-person medical appointments and social activities.

Our Gardening & Wellbeing and Handy Helpers Services help vulnerable and isolated older people stay in their own homes for longer, by undertaking small repairs and maintenance which residents can’t do for themselves and improving wellbeing through social connections with our volunteers.

The Handy Helpers service delivered throughout the year, adapting as COVID-19 restrictions changed; for example, during the first lockdown all but essential home visits, undertaking tasks to enable people to be discharged from hospital such as moving beds to a downstairs room or making way for hospital beds. Over the course of the year, tasks included addressing hazards that presented a risk of falls, home security and scam awareness, practical tasks such as help filling in forms or accessing the internet, and general maintenance and repairs.

The Gardening Service was partially suspended during lockdowns, and social distancing measures led to a reduction in the number of volunteers engaged. Nevertheless, we were able to deliver 81% of visits compared to the previous year. 100% of clients reported improved wellbeing from the social interactions and ability to use their garden as a result of the service. 74% improved their mobility through being able to use their garden or supported to resume gardening. Among our support volunteers, all reported feeling less isolated, and all volunteers felt volunteering had a positive effect on their wellbeing.

While the Gardening Service was suspended, we ensured vulnerable, elderly and isolated clients continued to receive support by launching the Chat for Good service – a friendly, check, chat and connect service to which a number of staff and volunteers were redeployed from other services. Phone calls took place between three times a week and once a fortnight, according to client’s needs. In addition to providing social interaction, we were able to support clients with a range of issues and connect them in with local services and community groups for additional help.

[Your callers] have really helped me through all of the lockdowns. The last one was especially brutal. It felt comforting to me that I was not alone.

Our Pub Lunch Clubs continued to provide valuable social connections for older people at risk of being lonely and isolated, mostly in rural communities. Clubs operated at 34 venues across the county. Sadly, COVID-19 has forced the suspension of these clubs as people stayed at home, with most attendees categorised as ‘clinically vulnerable’, and pubs were forced to close their doors. We maintained contact with local organisers and venues, hoping to cautiously relaunch when circumstances allowed. In March 2021, few Clubs were expecting to be ready to re-open, however by September 2021 we’re pleased to say five clubs have relaunched, with seven more preparing to re-open in the coming months.

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Community Impact Bucks Trustees’ Annual Report and Financial Statements

We continued to support the Community-Led Housing Hub for the Thames Valley, a partnership with our fellow Rural Community Councils across the region, led by Community First Oxford. Collaborative Housing provides advice and support so people across the region can plan, fund and build their own homes or work in partnership to do so. The Hub is supporting three sites in Buckinghamshire and two in Milton Keynes.

Throughout the year, Community Impact Bucks supported national campaigns to raise awareness and stimulate local interest in the voluntary, community and charity sector . We used social media to generate a buzz about the sector, sharing stories about local people and the charities they support, and promoting useful information, toolkits and training for local groups. We saw a significant increase in our reach to an audience of potential volunteers and charities on social media, with 110% year-on-year increase in reach on Twitter and 35% year-on-year increase on Facebook during Volunteers Week.

Connecting the voluntary, community and charity sectors to lead and influence change.

Strong networks and collaboration have been critical to the pandemic response. Community Impact Bucks engaged regularly with local, regional and national partners, sharing intelligence, identifying gaps, and coordinating and collaborating on solutions:

We supported several new networks that formed in the county during the year:

Recognising the value of the peer support and learning within these meetings, we brought together a new Volunteer Managers Network for those involved in recruiting and managing volunteers. Our Community Buildings Forum shifted from two in-person meetings a year to regular catch-ups via Zoom, offering expert advice and peer support as these vital community assets navigated the ever-changing government guidance and challenging financial situation.

Our CEO represents the sector in key strategic forums where she is able to share insight and advocate for the sector, including LEP Skills Advisory Panel, and the Health and Wellbeing Board. We successfully influenced Buckinghamshire and Milton Keynes Councils to ensure that charities including Village Halls could be eligible for COVID-19 Retail, Hospitality and Leisure Grants to mitigate lost earnings.

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Community Impact Bucks Trustees’ Annual Report and Financial Statements

In January 2020, Community Impact Bucks brought together a partnership of local infrastructure providers across Buckinghamshire, Oxfordshire and Berkshire West (BOB) to secure funding for a region-wide project as part of the NHS England VCSE Leadership Programme. The pandemic delayed the project, but with the recruitment of a VCSE Health Partnerships Manager in March 2021 the project has made rapid progress, and July 2021 saw the launch of the BOB VCSE Health Alliance . The Alliance brings together a collective of charities, voluntary and community groups and social enterprises from across the BOB ICS region to improve and embed partnership working between the regional Integrated Care System and the VCSE sector. The Alliance will nominate representatives to key decision-making boards and workstreams within the ICS, enhancing the role of the sector in strategy development and the design and delivery of the health system transformation.

Our annual State of the Sector Report was published in June 2020, after the initial March launch was postponed due to the COVID-19 crisis. Community Impact Bucks co-launched the report alongside Heart of Bucks’ ‘Buckinghamshire Uncovered’ report. The State of the Sector report provides a snapshot of the voluntary sector immediately before COVID-19. It provided a stronger evidence-base through a muchimproved report, with double the respondents compared to the equivalent survey in 2018, more robust data analysis, and improved visual communication through the use of infographics. These reports can help VCSE organisations with strategic planning and support funding bids, as well as informing local partners such as Buckinghamshire Council, the NHS, businesses and independent funders so that they can decide on how to collaborate with and invest in the sector.

Being a strong charity that learns, shares and leads by example.

Prior to COVID-19 we had identified the need to reorganise our ways of working. As a small organisation, we have to be agile and ready to adapt and respond to the rapidly changing world around us. The COVID-19 crisis showed how effective we can be when we work in a more agile way. Throughout the year we have taken steps to build in the structures and tools to ensure Community Impact Bucks continues to respond to our communities’ changing needs and adapts to new opportunities and challenges, while making best use of our resources and developing ambitious services for the future.

A Transformation Programme was launched, with several workstreams focusing on different areas to achieve the necessary change. We looked outwards to the VCSE and other sectors to draw on organisation design theories and good practice. Three new Trustees were recruited, bringing a range of skills and experience from the public and commercial sectors. All three are experienced in change management, and their involvement has been critical to the Transformation Programme.

The reorganisation:

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Community Impact Bucks Trustees’ Annual Report and Financial Statements

Our CEO contributed learning from this process to the Patterns for Change research project which aims ‘to inspire radically better organisational development in the UK nonprofit sector’.

Fundraising activities focused primarily on developing our services to adapt to COVID restrictions and meet emerging and future needs and writing bids and tenders to support this. We made 26 funding applications with a 77% success rate.

We have now completed a successful transition to a Full Cost Recovery model, ensuring the true cost of delivery is reflected in budgets and funding bids, including an appropriate contribution to the running costs of the Charity. This move has closed the operational deficit and is helping to ensure the Charity is able to operate effectively and sustainably.

Plans for Future Periods

Community Impact Bucks is continuing its Transformation Programme to secure the long-term future of the Charity. Our successes to date, including securing a significant 3-year contract from Buckinghamshire Council to provide a VCSE Support Service, provide us with strong foundations from which to build.

Our aims in 2021-22 are to:

A core principle of our Transformation Programme is to be evidence-based, responding to and reflecting the needs of our beneficiaries, with their voices informing continuous learning and review of service delivery. Thanks to funding from the Rothschild Foundation, we plan to undertake new research to better understand what existing data tells us about rural communities in Bucks, and to hear from rural residents about their experiences. This research will inform our own service development to support these rural communities, and also be shared to enable other services across all sectors to consider the needs of rural communities.

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Community Impact Bucks Trustees’ Annual Report and Financial Statements

Financial Review

Financial performance

Community Impact Bucks (the Charity) has taken advantage of regulations which do not require the presentation of consolidated financial information, so these accounts are solely for the Charity. Accounts for its subsidiaries Healthwatch Bucks and Community Impact Bucks (trading) are separately filed at Companies House.

This has been an unusual year as a result of the COVID-19 pandemic, but the Charity has continued to operate effectively during this time. Our total income increased to £588,418 (2020: £470,175). This increase arose from additional funding received for new activities designed to meet the needs of our beneficiaries during the pandemic, such as the Volunteer Matching Service. We are grateful to our funders for their flexibility in allowing the Charity to reallocate funding received for services that could not be fulfilled to other services.

Our expenditure continued to be tightly controlled during the year: we successfully negotiated a reduction in rent, and saw savings on costs related to our premises, travel and subsistence as a result of staff working from home during the pandemic. The £50,581 increase in expenditure to £608,796 (2020: £558,715) arises from new pandemic-related activities, and redundancy costs of £40,351 incurred a result of the staff reorganisation carried out as part of the Transformation Programme to allow the Charity to meet the needs of our beneficiaries more effectively in the future.

Our Statement of Financial Activities (SOFA) for the year shows a reduced overall deficit of £20,247 (2020: £100,845). This is a strong performance after several years of deficits, as an underlying surplus of £19,972 was achieved before allowing for redundancy costs.

To understand our accounts better, it is important to separate unrestricted from restricted funds and these are presented in separate columns in the SOFA.

Comparing the restricted fund shows an increase in funds of £9,217 (2020: reduction of £11,840). Details are shown in note 20. In addition, restricted funds made a higher contribution towards overheads (see note below). During the course of the year, we again received substantial grants for activities taking place next financial year, which have been deferred.

Considering the unrestricted fund, there was underlying net expenditure of £37,529, before deducting redundancy costs of £40,351 (2020: net expenditure of £57,991). It was agreed with funders that grants and other income totalling £48,284 could be reallocated to meet expenditure under unrestricted workstreams to support communities and individuals during the pandemic such as Chat for Good. Conversely in 2020 we utilised unrestricted funds of £18,709 to support restricted activities.

In the background, staff and trustees have worked to improve our funding model. Previously, we had identified that, whilst income covered the direct costs of delivering charitable objectives, governance and support costs were not totally funded, leading to an unsustainable deficit. In 2019-20 we introduced a Full Cost Recovery model for budgeting and grant applications, and the effect of this can be seen in note 8 where the contribution to support costs is shown at £86,458 (2020: £20,982).

A radical Transformation Programme driven by the Trustees has taken place during the year, ensuring we have the right roles and structures to enable Community Impact Bucks to provide the most effective services at the best cost. This reorganisation achieved a per annum cost saving of £50,917 and headcount reduction of 1.4 Full Time Equivalent. Having subsequently secured funding from Buckinghamshire Council for a new

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Community Impact Bucks Trustees’ Annual Report and Financial Statements

three-year VCSE Support service which commenced in August 2021, the Charity is now in a much more stable position to continue to operate effectively in the future.

Having taken account of changes to the value of investments, we have achieved underlying unrestricted net income of £10,887 before redundancy costs. The net movement after redundancy costs was a deficit of £29,464 (2020: net expenditure £89,005).

Financial effect of significant events

The COVID-19 pandemic struck in the March 2020 and had a major impact on the Charity’s work throughout the Financial Year. No government assistance was sought under the CJRS scheme and staff, and volunteers continued to work effectively during the year. Income streams were increased, and the Charity did not suffer any negative financial effects apart from that on investments which were sold in the previous financial year.

Investment performance

The investment portfolio generated income of £1,336 (2020: £8,446) during the year.

The value of the investment portfolio is £49,754 (2020: £49,622) with the remaining investment being in government bonds which are holding steady. The other investments held previously were sold in March 2020 due to uncertainty about short term cash flows.

Investment policy and objectives

The investment policy was agreed by the trustees in July 2014 and was reviewed in the financial year ended March 2018. The charity seeks to make the best financial return within an acceptable level of risk for each category. A key objective was to adequately diversify both counterparties and investment vehicles. Currently all funds are held in Government Bonds. The Finance Committee monitors financial performance of these funds on a quarterly basis.

Reserves policy and review of the charity’s reserves

The policy of Community Impact Bucks is to hold sufficient reserves to allow the Charity to deliver its commitments, allow for the development of the Charity and to cover the estimated costs of an orderly closure of the Charity. The reserves of Community Impact Bucks stand at £175,299 at March 2021 (2020: £195,546) which are sufficient to cover the operating costs of the charity for approximately four months. Movements in reserves during the year are set out in notes 19 and 20.

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Community Impact Bucks Trustees’ Annual Report and Financial Statements

Structure, governance and management

Governing Document

Community Impact Bucks is a Registered Charity and a Company Limited by Guarantee. Under the guidance of the Chair and appointed Trustees, it is governed by the Memorandum and Articles dated 12 February 1998, as amended on 23 March 1998 and 18 February 2010.

Subsidiary organisations

The Charity has two wholly owned subsidiaries:

Healthwatch Bucks Limited is a Company Limited by Guarantee (Company Number 08426201). The achievements of our subsidiary company Healthwatch Bucks are detailed in their Annual Report 2020-21 which can be found on their website: www.healthwatchbucks.co.uk

Community Impact Bucks (trading) Limited is a Private Limited Company (Company Number 07691394).

How the Charity makes decisions

The full Board of Trustees meets six times a year and is responsible for administering the Charity. A Finance Committee, comprising the Treasurer and two other Trustees, meets quarterly to monitor and keep under review the financial position and other resources. Other subcommittees and working groups meet periodically as needed, including a Governance Committee and Transformation Workstreams.

Operational decisions are delegated to the Chief Executive and the Leadership Team. Both the Finance Committee and the Chief Executive have delegated decision-making on financial matters up to a certain level, as set out by an authorisation scoring system.

Appointment, induction and training of Trustees

Trustees are initially appointed for a three-year term and may be reappointed for a second three-year term. Candidates are evaluated by a selection of Trustees and the CEO, who make recommendations to the Board for the appointment of those considered to bring appropriate skills and experience. Suitable candidates observe at least one Board Meeting before being co-opted onto the Board at a subsequent meeting, and ratified at the Annual General Meeting.

New trustees receive a comprehensive induction into the Charity’s key policies, strategy and business plan, accounts and budget, along with the Charity Governance Code and Charity Commission CC3 guidance ‘The Essential Trustee’. Board training needs are reviewed regularly and suitable training undertaken individually or collectively.

Pay arrangements for key management personnel

A salary benchmarking exercise was undertaken as part of the recruitment of the new Chief Executive in 2018 to ensure the salary is in line with similar roles and responsibility-levels within the sector. Other Leadership Team roles were benchmarked as part of the restructure that took place in September 2020.

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Community Impact Bucks Trustees’ Annual Report and Financial Statements

Relationships with third parties

Community Impact Bucks is a member of NAVCA, the national membership body for local voluntary sector support and development organisations in England, and ACRE, the national membership body for Rural Community Councils. It is accredited by NCVO as the Volunteer Centre for Buckinghamshire.

Community Impact Bucks is a member of Cirican LLP, a rural consultancy partnership formed of ACRE Network members and associates. In 2019-20, the Charity made a loan of £5,000 to its subsidiary, Community Impact Bucks (trading) Limited. These funds were used to invest in Cirican LLP for furtherance of the benefit of the membership of the partnership. The Charity considers such investment deemed as investment for future gain and will benefit from future income generated through the partnership.

The Charity collaborates with infrastructure organisations in neighbouring counties as part of the Collaborative Housing community-led housing hub, the VCS Emergencies Partnership, and the NHS England Improvement Programme. Within Buckinghamshire, we collaborate with charities and other bodies in a variety of ways including as part of the VCS Recovery Partnership Board.

Reference and Administrative Details

Registered Charity number 1070267 Company Limited by Guarantee number 3508718

Registered Office and principal address: 6 Centre Parade, Place Farm Way, Monks Risborough, Bucks, HP27 9JS.

Independent Auditors

Saffery Champness LLP, St John's Court, Easton Street, High Wycombe HP11 1JX.

Bankers

Lloyds TSB Market Square, Aylesbury, Bucks HP20 1TD.

CCLA Investment Management Ltd (COIF), Senator House, 85 Queen Victoria Street, London EC4 4ET. Epworth Investment, 9 Bonhill Street, London, EC2A 4PE.

Solicitors

Messrs Gabbitas Robins, The Old House, West Street, Marlow, Bucks SL7 2LX.

Trustees/Directors

M Harker OBE (Chair) N A F Palmer (Treasurer & Vice-Chair) B Ford (Vice-Chair, resigned 31 August 2020) J Baker OBE C Carvey (resigned 25 November 2020) M Curth (appointed 2 April 2020) L Davies C Heap D Pinkney (appointed 28 July 2021) K Satterford (appointed 2 April 2020) M Schindler P Tichbon (appointed 2 April 2020)

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Community Impact Bucks

Trustees’ Annual Report and Financial Statements

Leadership Team

Chief Executive K Higginson Director of Services D Rutter (to 23 December 2020) Director of Finance & Resources L Favager (resigned 12 November 2020) Head of VCSE & Community Development D Game (from 5 October 2020) Head of Communications R Fisher (from 5 October 2020) Head of Programme Management K Komolafe (appointed 8 February 2021) Head of Finance & Operations J Mayungbe (appointed 5 January 2021, resigned 12 May 2021) Head of Finance & Operations J Woodhouse (appointed 1 June 2021)

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Community Impact Bucks Trustees’ Annual Report and Financial Statements

Trustees’ Responsibilities in relation to the Financial Statements

The Trustees, who are also directors of the charitable company (for the purposes of company law), are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charitable company for that period. In preparing the financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement as to disclosure to our auditors

In so far as the Trustees are aware at the time of approving our Trustees’ annual report:

By order of the Board of Trustees

Nigel Palmer Vice-Chair, Community Impact Bucks

Date: 24 November 2021

17

Community Impact Bucks

Trustees’ Annual Report and Financial Statements

Independent Auditor’s report to the members and the trustees

Opinion

We have audited the financial statements of Community Impact Bucks for the year ended 31 March 2021 which comprise a statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

18

Community Impact Bucks Trustees’ Annual Report and Financial Statements

Independent Auditor’s report to the members and the trustees

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in

the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees’ Responsibilities Statement set out on page 17, the trustees (who are also directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative to do so.

19

Community Impact Bucks Trustees’ Annual Report and Financial Statements

Independent Auditor’s report to the members and the trustees

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditors under the Companies Act 2006 and report in accordance with regulations made under that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below.

Identifying and assessing risks related to irregularities:

We assessed the susceptibility of the charitable company’s financial statements to material misstatement and how fraud might occur, including through discussions with the trustees, discussions within our audit team planning meeting, updating our record of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the financial statements. We identified laws and regulations that are of significance in the context of the charitable company by discussions with trustees and updating our understanding of the sector in which the charitable company operates.

Laws and regulations of direct significance in the context of the charitable company include The Companies Act 2006, and guidance issued by the Charity Commission for England and Wales.

Audit response to risks identified:

We considered the extent of compliance with these laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statement disclosures. We reviewed the charitable company’s records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify potential material misstatements arising. We discussed the charitable company’s policies and procedures for compliance with laws and regulations with members of management responsible for compliance.

During the planning meeting with the audit team, the engagement partner drew attention to the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of non-compliance with laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether judgements made in making accounting estimates gave rise to a possible indication of management bias. At the completion stage of the audit, the engagement partner’s review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.

20

Community Impact Bucks Trustees’ Annual Report and Financial Statements

Independent Auditor’s report to the members and the trustees

There are inherent limitations in the audit procedures described above and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Karen Bartlett (Senior Statutory Auditor) for and on behalf of Saffery Champness LLP

Chartered Accountants St John’s Court Easton Street High Wycombe Buckinghamshire HP11 1JX

Statutory Auditors

Date: 25 November 2021

Saffery Champness LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

21

Community Impact Bucks Trustees’ Annual Report and Financial Statements

Statement of Financial Activities for the year ended 31 March 2021

Notes Un-
restricted
Funds
2021
£		 Restricted
Funds
2021
£		 Total
2021
£		 Un-
restricted
Funds
2020
£		 Restricted
Funds
2020
£		 Total
2020
£
Income
Donations and Legacies 2 21,481 5,475 26,956 3,785 2,778 6,563
Charitable Activities 3 263,878 296,248 560,126 328,836 126,330 455,166
Investments 5 1,336 - 1,336 8,446 - 8,446
Total Income 286,695 301,723 588,418 341,067 129,108 470,175
Expenditure on:
RaisingFunds 6 13,294 - 13,294 8,698 - 8,698
Charitable Activities 7 310,929 244,222 555,151 390,360 159,657 550,017
Total expenditure before
staff redundancycosts		 324,223 244,222 568,445 399,058 159,657 558,715
Staff redundancycosts 7 40,351 - 40,351 - - -
Total Expenditure 364,574 244,222 608,796 399,058 159,657 558,715
Net
(expenditure)/income		 9
Before redundancy costs (37,529) 57,501 19,972 (57,991) (30,549) (88,540)
After redundancy costs (77,880) 57,501 (20,379) (57,991) (30,549) (88,540)
Transfers between Funds 48,284 (48,284) - (18,709) 18,709 -
Other recognised
gains/(losses)		 - - - - - -
Net (losses) /gains on
investments		 14 132 - 132 (12,305) - (12,305)
Net Movement in Funds (29,464) 9,217 (20,247) (89,005) (11,840) (100,845)
Reconciliation of Funds:
Total Funds brought
forward		 175,389 20,157 195,546 264,394 31,997 296,391
Total Funds carried
forward		 145,925 29,374 175,299 175,389 20,157 195,546

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing operations.

The notes on pages 25 to 38 form part of these accounts.

22

Community Impact Bucks Trustees’ Annual Report and Financial Statements

Balance sheet as at 31 March 2021

Notes 2021
£		 2020
£
Fixed assets
Tangible assets 13 - -
Investments 14 49,754 49,622
Total Fixed Assets 49,754 49,622
Current assets
Debtors 15 96,177 80,362
Cash at bank and in hand 240,378 189,669
Total Current Assets 336,555 270,031
Liabilities
Creditors: Amounts fallingdue within oneyear 16 209,468 122,573
Net Current Assets 127,087 147,458
Creditors: Amounts fallingdue after more than oneyear
Provisions for Liabilities 18 1,542 1,534
Total Net Current Assets less Liabilities 125,545 145,924
Total Net Assets 175,299 195,546
The Funds of the Charity
Unrestricted(General and Designated) 19 145,925 175,389
Restricted 20 29,374 20,157
Total Charity Funds 175,299 195,546

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the Board of Trustees on 24 November 2021 and signed on their behalf by:

Mimi Harker Chairman

Nigel Palmer Treasurer

Company Limited by Guarantee No. 3508718 Registered Charity No. 1070267

The notes on pages 25 to 38 form part of these accounts.

23

Community Impact Bucks Trustees’ Annual Report and Financial Statements

Statement of cash flows for the year to 31 March 2021

Notes 2021
£		 2020
£
Cash used in operatingactivities 24 49,373 (47,599)
Cash flows from investingactivities
Dividends,interest and rents from investments 1,336 8,446
Proceeds from sale of investments - 166,127
Net cashprovided by (used in) investing activities 1,336 174,573
Cash flows from financingactivities
Net cashprovided by (used in) financing activities - -
Change in cash and cash equivalents in the reporting period 50,709 126,974
Cash and cash equivalents at the beginning of the reporting
period		 189,669 62,695
Cash and cash equivalents at the end of the reporting period 240,378 189,669

The notes on pages 25 to 38 form part of these accounts.

24

Community Impact Bucks Trustees’ Annual Report and Financial Statements

Accounting policies

Basis of preparation

The financial statements of Community Impact Bucks for the year ended 31 March 2021 are prepared in accordance with the Financial Reporting Standard in the UK (FRS 102), the Charities SORP 2015 (“FRS 102”) and the Companies Act 2006.

Community Impact Bucks meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy note(s).

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in in these financial statements are rounded to the nearest £.

Preparation of the accounts on a going concern basis

The trustees are of the view that the measures taken to secure existing and new income streams, and the ongoing monitoring of costs means the charity is a going concern.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Donated Services and Facilities

Donated professional services and donated facilities are recognised as income when the charity has control of them, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP FRS 102 general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market: a corresponding amount is then recognised in expenditure in the period of receipt.

Grants receivable

Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable.

Interest Receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Fund Accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

25

Community Impact Bucks Trustees’ Annual Report and Financial Statements

Accounting policies (continued)

Expenditure and Irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be reliably measured. Expenditure is classified under the following activity headings:

Allocation of Support Costs

Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity’s activities. These costs have been allocated between the cost of raising funds and expenditure on charitable activities.

Operating Leases

The charity classifies the lease of printing and telecommunication equipment as operating leases. Rental charges are charged on a straight-line basis over the term of the lease.

Tangible Fixed Assets

Individual assets costing £1,000 or more are capitalised at cost and depreciated over their estimated useful economic lives on a straight-line basis as follows:

Computer and office equipment - 33% straight line

Investments

Investments in shares and common investment funds are stated at fair value.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at Bank and In Hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and Provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial Instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value, fair value or amortised cost using the effective interest method.

Pensions

A money purchase defined contribution pension scheme is operated by Aviva in accordance with the requirements of auto-enrolment. Employees joining the scheme contract directly with the company. The charity makes a matching contribution of up to 5% of salary to this pension scheme and acts as agent collecting and paying over employee contributions. The charity’s contributions are allocated to unrestricted and restricted funds on the same basis as other employee related costs.

26

Community Impact Bucks Trustees’ Annual Report and Financial Statements

Notes to the Financial Statements for the year ended 31 March 2021

1 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding-up is limited to £10.

The charity benefits greatly from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.

2 Donations and Legacies

Donations and Legacies
Un-
restricted
2021
£		 Restricted
2021
£		 Total
2021
£		 Un-
restricted
2020
£		 Restricted
2020
£		 Total
2020
£
Subscriptions 4,628 - 4,628 2,894 - 2,894
Sundry small donations from
individuals		 6,853 475 7,328 341 2,778 3,119
Donations from foundations 10,000 5,000 15,000
From TradingCompany - - - 550 - 550
21,481 5,475 26,956 3,785 2,778 6,563

3 Income from charitable activities

Un-
restricted
2021
£		 Restricted
2021
£		 Total
2021
£		 Un-
restricted
2020
£		 Restricted
2020
£		 Total
2020
£
Grants from Government 39,032 - 39,032 39,000 - 39,000
Grants and contracts from Local
Authorities, including Parish
Councils		 187,230 233,150 420,380 233,692 96,555 330,247
Grants from other sources 5,208 59,750 64,958 12,413 25,250 37,663
Total Grants
Fees from events and training		 231,470 292,900 524,370 285,105 121,805 406,910
4,250 - 4,250 1,879 - 1,879
Fees from administrative services
provided to others		 26,000 - 26,000 30,726 - 30,726
Other fees from servicesprovided 2,158 3,348 5,506 10,126 4,525 14,651
Sponsorship - - - 1,000 - 1,000
263,878 296,248 560,126 328,836 126,330 455,166

Included within income are the following government grants received in the year:

Included within income are the following governmentgrants received in theyear:
2021
£		 2020
£
DEFRAgrant for deliveringsupport to the rural community 39,000 39,000
BC contract for the provision of voluntary sector support and
development services,in line with the charity's objectives		 187,230 187,230
BCgrant for thegardeningbefriending project 25,000 25,000
BCgrant for thepub lunch clubproject 20,000 11,364
BCgrant for the Volunteer matchingservice 63,212 -
BC - CommunityTransport Hub 42,955 7,139
BCC- to developCommunityTransport Projects - 14,035
Chiltern district Council for Countywide HandyHelpers 81,983 57,366

27

Community Impact Bucks Trustees’ Annual Report and Financial Statements

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

3 Income from charitable activities (continued)

£15,603 has also been included within deferred income for the BC grant relating to the infrastructure contract (2020: £15,603 for the BC grant relating to the infrastructure contract). Buckinghamshire Council has been abbreviated to BC

4 Wholly owned subsidiaries

The charity has two wholly owned subsidiaries, neither of which are consolidated in these accounts.

Healthwatch Bucks Limited is incorporated in the United Kingdom (company number 08426201) and operates the statutory Healthwatch service under contract. Community Impact Bucks provides (paid for) support services to Healthwatch Bucks under a Memorandum of Understanding.

Community Impact Bucks (trading) Limited is incorporated in the United Kingdom (company number 07691394) and operates a number of trading activities that fall outside of the charity’s purposes. The principal activity of the company in the year under review was that of running trading activities specifically in respect of operating a community oil buying scheme which was closed during the year. The company is a member of Cirican LLP, a commercial consultancy partnership led by ACRE, the purpose of which is to provide consultancy focused on rural issues.

Healthwatch Bucks
Ltd		 Healthwatch Bucks
Ltd		 Community Impact
Bucks(trading)Ltd		 Community Impact
Bucks(trading)Ltd
2021 2020 2021 2020
£ £ £ £
Income 290,623 229,812 793 1,517
Cost of sales and administration costs - - 509 947
Provision of statutoryHealthwatch services 290,631 229,827 - -
Interest receivable 8 15 - -
Taxation - - 73 -
Net Profit - - 211 570
Amountgift aided to the charity - - (540)
Retained in subsidiary - - 211 30
The assets and liabilities of the subsidiary
were:
Investments - - 3,000 3,000
Current assets 114,252 69,445 4,309 3,744
Current Liabilities 114,252 69,445 7,173 6,819
Total net assets - - 136 (75)
Aggregate share capital and reserves - - 136 (75)

28

Community Impact Bucks Trustees’ Annual Report and Financial Statements

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

5 Investment Income

Investment Income
Un-
restricted
2021
£		 Restricted
2021
£		 Total
2021
£		 Un-
restricted
2020
£		 Restricted
2020
£		 Total
2020
£
Interest income 130 - 130 227 - 227
Investment income 1,206 - 1,206 8,219 - 8,219
Total income from investments 1,336 - 1,336 8,446 - 8,446

6 Analysis of expenditure on raising funds

Un-
restricted
2021
£		 Restricted
2021
£		 Total
2021
£		 Un-
restricted
2020
£		 Restricted
2020
£		 Total
2020
£
Salaries and wages 13,294 - 13,294 8,698 8,698
13,294 - 13,294 8,698 - 8,698

7 Analysis of expenditure on charitable activities

Un-
restricted
2021
£		 Restricted
2021
£		 Total
2021
£		 Un-
restricted
2020
£		 Restricted
2020
£		 Total
2020
£
Salaries and Wages 231,530 141,314 372,844 258,021 117,642 375,663
Other Staff Related Expenses 841 2,327 3,168 4,289 5,704 9,993
Payments for Services 240 - 240 10,420 1,010 11,430
Vehicle and equipment costs - 2,343 2,343 4,356 3,655 8,011
Subscriptions to Other
Organisations		 5,244 - 5,244 5,255 - 5,255
Other Project Related Costs 1,000 9,557 10,557 22 8,950 8,972
IT Equipment, Website
Development and other Software
Costs		 7,468 - 7,468 7,060 - 7,060
Conferences,Events and Training 106 - 106 3,817 26 3,843
Marketingand Communication - - - 736 - 736
Other Costs 2,781 503 3,284 993 473 1,466
Governance and Support Costs
(note 8)		 61,720 88,178 149,898 95,391 22,197 117,588
310,929 244,222 555,151 390,360 159,657 550,017
Staff redundancycosts 40,351 - 40,351 - - -
351,280 244,222 595,502 390,360 159,657 550,017

29

Community Impact Bucks Trustees’ Annual Report and Financial Statements

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

8 Analysis of governance and support costs

The charity initially identifies the cost of its support functions. It then identifies those costs which relate to the governance function. Having identified its governance costs, the remaining support costs together with the governance costs are apportioned between the three key charitable activities undertaken. The table below shows the basis for apportionment and the analysis of support and governance costs.

Governance and support costs are charged to the restricted funds for projects according to the criteria set at the time of applying for the appropriate grant; this generally being 15% uplift on staff cost plus any specifically identified costs. The balance of support costs is then allocated to unrestricted funds. Going forward, allocation will be made on a Total Cost Recovery basis.

Un-
restricted
2021
£		 Restricted
2021
£		 Total
2021
£		 Un-
restricted
2020
£		 Restricted
2020
£		 Total
2020
£
Salaries and Wages 67,212 - 67,212 42,269 - 42,269
Recruitment 2,510 - 2,510 144 - 144
Staff and volunteer expenses 1,605 - 1,605 2,329 - 2,329
Rent,Heat and Light 14,813 - 14,813 19,516 - 19,516
Other Premises Costs 6,048 - 6,048 10,670 - 10,670
IT Support, Software and
Hardware		 11,813 - 11,813 11,894 - 11,894
Telephone and Communications 12,753 - 12,753 10,556 - 10,556
Other Office Costs 14,236 - 14,236 7,286 - 7,286
Insurance 5,486 1,720 7,206 2,781 1,215 3,996
Audit and Other Governance
Costs		 11,703 - 11,703 8,928 - 8,928
Transfer to restricted funds (86,458) 86,458 - (20,982) 20,982 -
61,720 88,178 149,898 95,391 22,197 117,588

9 Net (expenditure) / income for the year

Net(expenditure) / income for theyear
This is stated after charging: 2021
£		 2020
£
Audit fees and accountancyservices 8,075 6,500
Operatingleases - equipment - -
Depreciation - -

10 Analysis of staff costs, trustee remuneration and expenses and the cost of key management personnel

2021
£		 2020
£
Salaries and wages 405,256 384,348
Social securitycosts 34,554 29,202
Pension costs 13,541 13,080
Staff redundancycosts 40,351 -
493,701 426,630

30

Community Impact Bucks Trustees’ Annual Report and Financial Statements

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

11 Analysis of staff costs, trustee remuneration and expenses and the cost of key management personnel (continued)

No employees had employee benefits in excess of £60,000 (2020: nil). Pension costs are allocated to activities in proportion to the related staffing costs incurred and are wholly charged to unrestricted funds.

The charity trustees were not paid or received any other benefits from employment with the charity or its subsidiaries in the year (2020: nil). Reimbursed travel expenses of £nil (2020: £909) were paid to five trustees during the year.

The key management personnel of the charity comprise the trustees, the Chief Executive, the Services Director and the Head of Resources. The total employee benefits of the key management personnel of the charity were £142,929 (2020: £122,174).

The group has a pension scheme with Aviva in which employees may enrol if they wish. The group companies match employees’ contributions to a maximum of 5% of salary. 19 employees were part of the scheme during the financial year. The charity made payments into the private pension schemes of a further 1 member of staff on the same basis. These are defined contribution schemes and the contributions are charged to the Statement of Financial Activities. During the year a total of £13,541 (2020: £13,080) was paid as employer contributions.

12 Staff Numbers

The average monthly number of staff employed full time and part time by the charitable group during the financial year were as follows:

2021 2020
Charitable 10 15
Administration 3 4
13 19

31

Community Impact Bucks Trustees’ Annual Report and Financial Statements

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

13 Tangible fixed assets

Tangible fixed assets
Vehicles &
machinery		 Total
£ £
Cost
At 1 April 2020 4,565 4,565
Additions - -
Disposals - -
At 31 March 2021 4,565 4,565
Depreciation
At 1 April 2020 4,565 4,565
Adjustment for disposals - -
Charge for theyear -
At 31 March 2021 4,565 4,565
Net book value
31 March 2021 - -
31 March 2020 - -
Investments Investments Investments Investments
2021
2020
£
£
Investment in Common Investment Funds
49,654
49,522
Following agreement of a revised Investment Policy in July 2014 investment was made in three common
investment funds to support the long-term work of the charity.
Year ended 31 March
2021
£		 2020
£
Carrying value at beginning ofyear 49,522 227,954
Additions duringtheyear at cost - -
Less: disposalproceeds duringtheyear - (166,127)
Net(loss)/gain on revaluation 132 (12,305)
Carrying value (market value) at end of
year		 49,654 49,522
2021 2020
£ £
Investment in Common Investment Funds 49,654 49,522
Investment in Community Impact Bucks
(trading)Limited		 100 100
Health Watch Bucks HoldingA/C
Carrying value (market value) at end of
year		 49,754 49,622
Community Impact Bucks owns 100% of the ordinary shares of Community Impact Bucks (trading)
Limited which is registered in England and Wales.

32

Community Impact Bucks Trustees’ Annual Report and Financial Statements

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

15 Debtors

Debtors
2021 2020
£
£
CommunityImpact Bucks(trading)Limited 7,174 6,819
Healthwatch Bucks Limited 14,817 16,076
Trade Debtors 65,210 44,439
Prepayments and accrued income 8,976 13,028
Other debtors - -
96,177 80,362

16 Creditors: Amounts falling due within one year

Creditors: Amounts falling due within oneyear
2021
£		 2020
£
Trade creditors 4,860 4,257
Accrued expenses 25,070 11,003
VAT 23,892 12,270
Other creditors 41,331 25,841
Contract income received in advance(note 17) 114,314 69,202
209,468 122,573
Deferred income analysis
2021
£		 2020
£
Balance brought forward 69,202 22,686
NHS VCSE Leadershipfrom Healthcare Oxford 46,250 11,250
HandyHelpers 21,211 -
GardeningProject Buckinghamshire Council 12,500 -
Flood Resilience 5,000 -
VAHT 2,500 -
CountyWide HandyHelpers received from Chiltern DC (18,349) 18,349
Garfield Weston for Gardening (10,000) 10,000
Hickman for Gardening (7,000) 7,000
Hardingfor Gardening (7,000) 7,000
Communityorganisingreleased to SOFA - (5,000)
Men in Sheds released to SOFA - (2,083)
Balance carried forward 114,314 69,202

Grants received within the year and deferred refer to unrestricted fund projects/implementation that as of the year end had not commenced.

Note - Buckinghamshire Council abbreviated to BC

33

Community Impact Bucks Trustees’ Annual Report and Financial Statements

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

Provision for Liabilities and Charges
Balance at
1 April
2020
£		 Increase in
/release of
provision
£		 Use of
provision
£		 Balance at
31 March
2021
£
Retention for completedprojects - Charity 1,534 8 - 1,542
1,534 8 - 1,542

This provision has been established to manage potential liabilities, including return of funding that may arise within the 12-18 months following the completion of significant projects. The provision is reviewed annually.

19 Unrestricted Funds (General and Designated)

Balance
at
1 April
2020
£		 Movement in resources Movement in resources Movement in resources Balance at
31 March
2021
£
Incoming
£		 Transfers
£		 Outgoing
£
Unrestricted reserves / General
Fund		 39,188 286,695 48,284 (324,223) 49,943
Business Development Reserve 31,035 - - - 31,035
IT and Equipment Reserve 5,644 - - - 5,644
SustainabilityReserve 100,000 - - (40,351) 59,649
Investment Revaluation Reserve (478) 132 - (346)
Total Designated Funds 136,201 132 - (40,351) 95,982
Total Unrestricted Funds
(General and Designated)		 175,389 286,827 48,284 (364,574) 145,925
Balance
at
1 April
2019
£		 Movement in resources Balance at
31 March
2020
£
Incoming
£		 Transfers
£		 Outgoing
£
Unrestricted reserves / General
Fund		 95,405 341,067 (2,582) (394,702) 39,188
Business Development Reserve 31,035 - - - 31,035
IT and Equipment Reserve 10,000 - - (4,356) 5,644
SustainabilityReserve 100,000 - - - 100,000
Investment Revaluation Reserve 27,954 (16,127) (12,305) (478)
Total Designated Funds 168,989 - (16,127) (16,661) 136,201
Total Unrestricted Funds
(General and Designated)		 264,394 341,067 (18,709) (411,363) 175,389

34

Community Impact Bucks Trustees’ Annual Report and Financial Statements

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

19 Unrestricted Funds (General and Designated) (continued)

The Sustainability Reserve and the Unrestricted Reserves / General Fund are held to cover the estimated costs of an orderly closure of the charity in the event of a withdrawal of funding plus a margin to allow existing activities to continue. The trustees are conscious of the current difficult economic climate which may have a detrimental effect on their ability to secure alternative funding. As at 31 March 2021 the reserves policy of the charity indicated a minimum figure of £59,649 as being sufficient to arrange an orderly closure of the charity.

The IT and Equipment Reserve is set aside to provide for the replacement of IT resources. It is anticipated that this will be used to upgrade to cloud-based IT within the next two financial years. The Business Development reserve is set aside to fund the development of new income streams. It is anticipated that this fund will be utilised within the next two financial years.

35

Trustees’ Annual Report and Financial Statements

Community Impact Bucks

----- Start of picture text -----
Total £ 31,997 96,555 32,552 129,107 159,656 (30,549) 18,709 (11,840) 20,157 20,157 233,150 68,573 301,723 244,222 57,501 (48,284) 9,217 29,374
£ - - 3,750 3,750 3,750 - - - - - - 3,750 3,750 3,750 - - - -
NHS VCSE Leadership programme
£ - - - - - - - - - - - 2,925 2,925 2,227 698 (698) - -
Assessment
Health Impact
£ - - - - - - - - - - 63,212 10,000 73,212 59,258 13,954 - 13,954 13,954
Service
Volunteer Matching
Covid 19 Support £ - - - - - - - - - - - 13,000 13,000 10,020 2,980 (2,980) - -
£ - 39,017 1,087 40,104 33,772 6,332 6,332 6,332 - - - -
County-wide Handy Helpers
Handy Helpers £ 6,457 - 7,500 7,500 10,403 (2,903) - (2,903) 3,554 9,886 81,983 475 82,458 68,645 13,813 (14,139) (326) 9,560
Community Transport £ 635 21,174 5,194 26,368 25,723 645 - 645 1,280 1,280 42,955 42,955 31,334 11,621 (12,041) (420) 860
Lunch Clubs £ - 11,364 11,364 22,029 (10,665) 10,665 - - - 20,000 20,000 11,370 8,630 (8,630) - -
Groundwork HS2 £ 1,972 - 4,331 4,331 9,355 (5,024) 5,189 165 2,137 2,137 - - - 1,834 (1,834) (303) (2,137) -
VAHT - thriving communities £ 10,000 - 10,000 (10,000) - (10,000) - - - - -
Gardening £ - 25,000 10,690 35,690 38,044 (2,354) 2,855 501 501 501 25,000 38,423 63,423 48,743 14,680 (10,181) 4,499 5,000
for the year to 31 March 2021 (continued) Local £ 12,933 - - - 6,580 (6,580) - (6,580) 6,353 6,353 - - - 7,041 (7,041) 688 (6,353) -
Transforming Infrastructure
Notes to the Financial Statements Restricted Funds Total Funds b/f 01 April 2019 Income - Charitable activities Grants from Local Authorities Other Grants & Contributions Total Income Expenditure on: Charitable Activities Net (expenditure)/income Transfers from unrestricted funds Net Movement in Funds Total Funds c/f 31 March 2020 Total Funds b/f 01 April 2020 Income - Charitable activities Grants from Local Authorities Other Grants & Contributions Total Income Expenditure on: Charitable Activities Net (expenditure)/income Transfers from unrestricted funds Net Movement in Funds Total Funds c/f 31 March 2021 The Transforming Local Infrastructure fund is held to cover the cost of the licence for the Bucks Funding Search. The balances carried forward on the remaining Restricted Funds relate to funds held, including funding paid in advance, to deliver specific projects. Balances carried forward on these project funds will be spent in the next financial year. Transfers are where funds have been transferred between unrestricted projects by way of a contribution to a project.
20
----- End of picture text -----

36

Community Impact Bucks Trustees’ Annual Report and Financial Statements

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

21 Analysis of net assets between Restricted and Unrestricted Funds

Unrestricted Funds Unrestricted Funds Restricted Total
General Designated Funds
£ £ £ £
Investments 100 49,654 - 49,754
Fixed assets - - - -
Debtors 96,177 - - 96,177
Cash and bank 45,965 46,328 148,085 240,378
Creditors (90,757) - (118,711) (209,468)
Provision for Liabilities (1,542) - - (1,542)
Balance at 31 March 2021 49,943 95,982 29,374 175,299
Unrestricted Funds Unrestricted Funds Restricted Total
General Designated Funds
£ £ £ £
Investments 100 49,522 - 49,622
Fixed assets - - - -
Debtors 74,009 - 6,353 80,362
Cash and bank 35,587 86,679 67,403 189,669
Creditors (68,974) - (53,599) (122,573)
Provision for Liabilities (1,534) - - (1,534)
Balance at 31 March 2020 39,188 136,201 20,157 195,546

22 Commitments under operating leases

The charity was committed to making the following payments under non-cancellable leases as follows:

2021
£		 2020
£
Premises
Premises lease expiringon 15 October 2022
Due in oneyear 12,000 12,875
Due in two to fiveyears 6,000 18,000
Total 18,000 30,875
Plant and Equipment
Due in oneyear 4,278 3,966
Due in two to fiveyears 4,771 4,575
Total 9,049 8,541

23 Related Party Transactions

For companies within the Community Impact Bucks group, the charity has taken advantage of the exemptions within FRS 102 relating to the disclosures of related party transactions within groups of companies.

Transactions with key management personal of the charity and the group have been disclosed within note 11.

37

Community Impact Bucks Trustees’ Annual Report and Financial Statements

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

2021
£		 2020
£
Net movement in funds (20,247) (100,845)
Depreciation charge - -
Interest income shown in investingactivities (1,336) (8,446)
Net losses/ (gains)on investments (132) 12,305
Decrease/ (increase)in debtors (15,815) (25,164)
Increase/ (decrease)in creditors 86,895 74,551
Increase/ (decrease)inprovisions 8 -
Net cash used in operating activities 49,373 (47,599)

The net debt is made up entirely by the cash balance outlined in the Statement of Cash Flows, and all the movements in the year were cash flow changes.

38